Termination Rights and Obligations Upon Termination Sample Clauses

Termination Rights and Obligations Upon Termination. (a) If the Executive dies during the Term, then the Executive's employment under this Agreement shall terminate. In such event, the Executive's estate shall be entitled only to compensation and expenses accrued and unpaid as at the date of the Executive's death.
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Termination Rights and Obligations Upon Termination. 9.1 Unless otherwise terminated pursuant to the provisions of this Article 9, this Agreement shall continue in effect for the Term. The Term may be extended on terms mutually acceptable to the parties.
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Termination Rights and Obligations Upon Termination. 9.1 Licensor may terminate this Agreement in the event Licensee commits a material breach of any of its obligations concerning the scope of use or the protection of the Program, Documentation, or Confidential Information.
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Termination Rights and Obligations Upon Termination. (a) If the Executive dies during the Term, then the Executive's employment under this Agreement shall terminate. In such event, the Executive's estate shall not be entitled to any compensation, profit sharing payments under the Plan or expense payments hereunder other than for compensation, profit sharing payments under the Plan, and expenses accrued and unpaid as at the date of the Executive's death. (b) If, as a result of the Executive's incapacity due to physical or mental illness, whether or not job related, the Executive is absent from his duties hereunder on a full-time basis for sixty (60) consecutive days, or an aggregate of ninety (90) days during the Term, the Executive's employment hereunder and this Agreement shall terminate. In such event, the Executive shall not be entitled to any compensation, profit sharing payments under the Plan, or expense payments hereunder other than for compensation, profit sharing payments under the Plan, and expenses accrued and unpaid as at the date of termination of the Executive's employment. (c) The Corporation shall have the right to terminate the Executive's employment under this Agreement for Cause. For purposes of the Agreement, the Corporation shall have "Cause" to terminate the Executive's employment if (i) the Executive assigns, pledges, or otherwise disposes of his rights and obligations under this Agreement, o0attempts to do the same without the prior written consent of the Corporation; or (ii) in the reasonable judgment of the Corporation's Board of Directors the Executive fails to fulfill his obligation under this Agreement, has breached any of the material terms or conditions hereof, has engaged in willful misconduct or has acted in bad faith; or OH) without limiting any other provision of this Agreement, in the reasonable judgment of the Board of Directors of the Corporation, the Executive has breached any provision of Sections 8 or 9 of this Agreement; or (iv) the Executive has committed a felony or perpetrated a common- law fraud against the Corporation. If the Corporation terminates this Agreement for Cause, the Corporation's obligations hereunder shall cease, except for the Corporations obligation to pay the Executive or his beneficiary the compensation, profit sharing payments under the Plan and expenses accrued to the date of termination in accordance with the provisions hereof, which payments in all events shall be subject to offset by the Corporation for amounts owed to the Corporation by th...
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Termination Rights and Obligations Upon Termination 
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Related to Termination Rights and Obligations Upon Termination

  • Rights and Obligations Upon Termination (a) In the event of Employer’s termination of the Term (and Executive’s employment) pursuant to Section 5.3 (which, for the avoidance of doubt, is a termination Without Cause), Employer shall pay Executive:

  • Rights and Obligations on Termination In the event of termination of this Agreement for any reason, the parties shall have the following rights and obligations:

  • Obligations Upon Termination Upon termination of this Agreement, either party shall, at the request of the other party, return any document, material, database, equipment, or software containing the Confidential Information to the other party. If, for any reason, such document, material, database, equipment, or software cannot be returned, either party shall destroy all the Confidential Information belonging to the other party and delete such Confidential Information from any memory devices. No party shall be permitted to continue using the Confidential Information in any way after the termination of this Agreement.

  • Termination Rights This Agreement may be terminated at any time prior to the Closing:

  • Other Termination Rights This Agreement may be terminated at any time prior to the Closing by the applicable party if and to the extent permitted in Part V of Appendix B.

  • Actions Upon Termination In the event of termination not the fault of the Contractor, the Contractor shall be paid for the services properly performed prior to termination, together with any reimbursable expenses then due, but in no event shall such compensation exceed the maximum compensation to be paid under the Contract. The Contractor agrees that this payment shall fully and adequately compensate the Contractor and all subcontractors for all profits, costs, expenses, losses, liabilities, damages, taxes, and charges of any kind whatsoever (whether foreseen or unforeseen) attributable to the termination of this Contract. Upon termination for any reason, the Contractor shall provide Seattle with the most current design documents, contract documents, writings and other product it has completed to the date of termination, along with copies of all project-related correspondence and similar items. Seattle shall have the same rights to use these materials as if termination had not occurred.

  • Termination of Conditions and Obligations The conditions precedent imposed by Section 5 or this Section 7 upon the transferability of the Shares shall cease and terminate as to any particular number of the Shares when such Shares shall have been effectively registered under the Securities Act and sold or otherwise disposed of in accordance with the intended method of disposition set forth in the Registration Statement covering such Shares or at such time as an opinion of counsel satisfactory to the Company shall have been rendered to the effect that such conditions are not necessary in order to comply with the Securities Act.

  • Additional Termination Rights In addition to any right to terminate this Agreement under the provisions of this Section 16, either party shall have the further right to terminate this Agreement, upon delivery of written notice to the Agent, upon the occurrence of any of the following:

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